Price: meaning, definitions and examples

Use when referring to the amount of money needed to purchase something, typically in a commercial setting.

• What is the price of this laptop?
• The price of groceries has gone up.

Refer to the amount of money needed to obtain something, often emphasizing the expense involved.

• What will the total cost be for the renovations?
• The cost of medical care has increased.

Refer specifically to a payment made for professional services or for the use of a facility.

• The lawyer's fee is quite high.
• There's a membership fee for joining the gym.

Refer to the money demanded for a service or item. Often used in contexts where a fee is applied.

• Is there an extra charge for delivery?
• They won't charge you for the initial consultation.

Use when referring to a quantity of something, which may include money but is not limited to it.

• The amount of water in the bottle is one liter.
• What's the total amount on the bill?

Used when referring to the monetary value of a product or service.

• The price of the new phone is $999.
• Can you check the price of this dress?

Used when determining the worth or importance of something, both in monetary and non-monetary terms.

• He values his family above all else.
• The jeweler valued the ring at $5000.

Used when making a judgement about the value, effectiveness, or importance of something. Commonly used in academic or professional environments.

• The manager will evaluate your performance after three months.
• The committee will evaluate the proposal thoroughly.

Used when evaluating the worth, significance, or extent of something. Often used in academic, financial, or performance contexts.

• We need to assess the damage after the storm.
• The teacher will assess your project next week.

Used when estimating the value or quality of something, often in a formal or professional context.

• The house needs to be appraised before we sell it.
• They appraised the artwork at $10,000.